Paul Smith boss brands Frasers’ Harvey Nichols deal ‘dubious’
Paul Smith executive chairman Ewan Venters has questioned the ethics of Frasers Group’s takeover of Harvey Nichols, as suppliers face recovering just a fraction of the money they…
Corporate
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John Lewis turnaround efforts lag behind Waitrose recovery
Waitrose to benefit from £1bn investment plan as John Lewis receives £800m injection
Harrods returns to profit after Al Fayed compensation costs
The department store reports turnover close to £1.1bn as it recovers from previous annual losses
Lewis bets on Guinness and RTDs in Diageo recovery strategy
Sir Dave Lewis is going deep with cost cutting at Diageo, but he is also intent on restructuring the business to unlock greater value from its portfolio, writes Ron Emler. The…
Nivea Maker Beiersdorf Cuts Guidance For 2026, Citing Difficult Market
Beiersdorf has trimmed its full-year guidance, citing a difficult market environment and a slower-than-expected recovery at Nivea.
Beiersdorf expects decline in revenue despite recovery plan
Persistently weak consumer confidence continues to plague the German beauty company Beiersdorf. The multinational now even expects a slight decline in revenue for the full fiscal…
Puma limits loss, while revenue decline accelerates
At Puma, the operating loss was cut in half in the second quarter, despite a further decline in sales. The German sporting goods manufacturer expects a gradual recovery in the…